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Project Accountant Profile
Key Achievements:
• Streamlined project reporting processes, reducing preparation time by 30%.
• Identified cost savings and efficiencies across projects, saving £100,000 / $120,000 annually.
• Improved project financial tracking, enhancing revenue recognition and cash flow management.
• Developed project dashboards and reporting templates, increasing visibility for project managers.
• Assisted in recovering overdue project revenues, successfully retrieving £50,000 / $60,000.
Duties & Responsibilities:
• Manage project accounting, including revenue recognition, costs, and budgets.
• Prepare and review project financial statements, forecasts, and management accounts.
• Track project costs, ensuring accurate allocation and coding of expenses.
• Monitor project budgets and highlight variances to project managers and senior management.
• Support project financial planning, including forecasting, budgeting, and cash flow analysis.
• Prepare project status reports and dashboards for internal and client stakeholders.
• Assist in billing, invoicing, and revenue recognition in line with project contracts.
• Reconcile project accounts and intercompany transactions as necessary.
• Provide ad-hoc financial analysis for project decision-making and investment evaluations.
• Liaise with project managers, operations, and finance teams to ensure accurate financial reporting.
• Implement and maintain internal controls, policies, and procedures for project accounting.
• Support month-end and year-end close processes for project accounts.
• Assist in audits, providing schedules, reconciliations, and supporting documentation.
• Maintain accurate records of project-related assets, prepayments, and accruals.
• Analyse project financial performance, identifying risks and opportunities.
• Contribute to process improvements, enhancing efficiency and reporting accuracy.
• Mentor and support junior staff on project accounting practices and reporting.
• Ensure compliance with statutory, regulatory, and professional accounting standards.
• Prepare ad-hoc reports and analysis for senior management and clients.
• Uphold confidentiality, professional ethics, and integrity in all project accounting activities.
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